Artex; Facility Management capture underwriting profits : Artex Risk Solutions

Artex provides businesses with the ability to capture underwriting profits with specific captive solutions and structures we have developed. This includes creating structures for law firms to provide clients with After The Event Legal Expenses (ATE) insurance products and participate in underwriting profits. We also offer insurance intermediaries, brokers, MGAs and others who have developed profitable accounts of business the ability to grow their revenue and gain greater influence and control over their underwriting capacity with the establishment of a Producer Owned Reinsurance Company or Cell (PORC). In addition, we offer an alternative approach for both property owners and managing agents to generate revenue stream from the management of insurance placed on behalf of tenants. 

ATE is a well-established product with applications in both the personal injury and commercial litigation markets. ATE coverage protects an attorney’s client (typically a claimant) when or after that person or entity becomes aware of the need to litigate to protect their interests. ATE covers the client against what could prove to be substantial costs if legal action were to prove unsuccessful. Artex specializes in the creation of insurance structures, which enable law firms to provide their clients with highly competitive, flexibly priced ATE insurance products. The law firms also have the opportunity to participate in the underwriting results of their insurance portfolio through the use of a Protected Cell Company (PCC) as the reinsurance vehicle. Our expertise in this sector includes the ability to work with market leading insurers via existing schemes, which have been carefully constructed to ensure total compliance with all necessary regulations. In addition, we have access to a number of PCC facilities with low start-up and capital costs.

With the establishment of a Producer Owned Reinsurance Company or Cell, we can provide insurance intermediaries, brokers, MGAs and others the ability to underwrite on a reinsurance basis a portion of the insurance products. This allows insurance producers to share in their underwriting risk of profitable accounts they have written, and capture profits lost to the commercial market. The right fit for this approach includes all classes of insurance business, particularly short tail lines with low claims volatility.

Artex has also developed an innovative captive solution to help property owners and managing agents in the real industry to produce revenue from insurance arrangements. A PCC structure allows them to share in the underwriting of the property portfolio and receive the profits being generated from blocks of insurance policies. By using a captive program to carefully share in the underwriting of the portfolio it is possible to produce ethical and sustainable income. A captive solution can also play an important role in helping to smooth the impact of rate fluctuations in the commercial insurance market, delivering continuity of premiums.

With all our solutions, we offer the following services: initial assessment, feasibility study, license application and ongoing captive management.